Bitcoin Could Test $111,919 Support, Potentially Correct Toward $110,000

Bitcoin price today: BTC is trading near $114,590, hovering just above the short-term level of $114,323 with key support at $111,919. Short-term outlook is cautious — a close below $111,919 could prompt a drop toward $110,000 while a sustained hold supports a sideways to mildly bullish bias.

• BTC key levels: $114,323 resistance, $111,919 support.

• Short-term momentum is limited after most daily ATR has been absorbed; elevated volatility is unlikely in the next 24 hours.

• Bitcoin price is up 0.17% in the last 24 hours and trading at $114,590 (source: CoinStats; charts by TradingView).

Bitcoin price today: BTC trades near $114,590 with key support at $111,919 and resistance at $114,323 — read the technical outlook and trading implications now.

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The rates of most of the top 10 coins are in the green zone, however, there are some exceptions, according to CoinStats.

Top coins by CoinStats

What is Bitcoin price today?

Bitcoin price today is trading around $114,590, reflecting a 0.17% gain over the last 24 hours. The market is testing the short-term level of $114,323 while key support remains at $111,919, which traders will watch for confirmation of next directional moves.

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How has BTC performed on hourly and daily charts?

On the hourly chart, BTC is positioned close to the local level of $114,323. With most of the daily Average True Range (ATR) already expended, the probability of a large intraday volatility spike is reduced.

On the daily and higher time frames, chart structure shows bearish elements: a recent false breakout of the $111,919 support was observed and should be judged by bar closures around that mark, according to TradingView chart analysis.

Why does $111,919 matter for BTC?

$111,919 is a critical support level. If sellers sustain pressure and price closes below this level on daily charts, the next visible target is the $110,000 area. Conversely, reclaiming and holding above $114,323 would signal short-term stabilization.

Image by TradingView

From a midterm perspective, the main crypto showed a false breakout below $111,919. Traders should focus on the bar closure relative to that support. A confirmed close beneath it increases the chance of a corrective move toward $110,000.

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